In collaboration with the Swiss company Elbox, WSW created the blockchain platform Tal.Markt to operate a local and regional marketplace for renewable energy produced in the Wuppertal area.
The objective is to connect citizens and local renewable energy producers, in particular the 5,000 wind turbines that will no longer receive subsidies after 2020.
For these transactions, Tal.Markt uses a private blockchain. It is less energy-intensive that a public one and allows WSW to manage users’ access to the platform.
Tal.Markt’s business model is therefore an on-line platform marketplace like Amazon.
In the event of a shortage of renewable energy on Tal.Markt (e.g. for lack of wind or sun), WSW is responsible for securing the supply.